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Jun 30, 2022
Immersion Q2 2022 Earnings Report
Immersion's financial performance reflected a productive quarter with strategic steps taken to protect intellectual property and expand market opportunities.
Key Takeaways
Immersion Corporation reported a decrease in total revenues to $8.0 million compared to $11.0 million in the second quarter of 2021. The company filed a legal complaint against Meta Platforms, Inc. alleging patent infringement and closed a multi-year renewal license with Google / FitBit.
Total revenues were $8.0 million, a decrease from $11.0 million in Q2 2021.
GAAP operating expenses decreased by 25% to $3.9 million.
The company filed a patent infringement lawsuit against Meta Platforms, Inc.
A multi-year renewal license was closed with Google / FitBit.
Immersion
Immersion
Forward Guidance
The press release includes forward-looking statements that are subject to risks and uncertainties.